Refinitiv Lipper’s fund asset groups (including both mutual funds and ETFs) experienced net negative flows of $9.3 billion for the fund-flows trading week ended Wednesday, October 7. This week’s results marked the ninth straight overall net outflow for funds during which time their coffers have contracted by almost $159 billion. In this week’s activity, the net outflows were driven by money market funds (-$20.4 billion) and equity funds (-$6.0 billion). These are long-term trends for both fund asset groups as money market funds and equity funds have experienced net outflows during each of the last 11 and eight weeks, respectively. On the plus side of the ledger, taxable bond funds and municipal bond funds took in net new money of $15.3 billion and $1.7 billion.
